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Enam’s Jiten Doshi raises corporate governance concerns at Sun TV
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The company’s board only paid an interim dividend of Rs 5 per share, announced post March quarter earnings for the financial year ended March, 2021.
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In absolute terms, the interim dividend paid by the company in 2020-21 tanked 80 per cent to Rs 197 crore from Rs 985 crore paid out in 2019-20, the company’s consolidated cash flow statement showed.
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MUMBAI:
Sun TV Network’s minority shareholder Enam Asset Management Company, represented by co-founder and Chief Investment Officer Jiten Doshi, on Friday raised concerns over corporate governance at the company following a sharp cut in dividend for 2020-21.
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The network earned a net profit of Rs 1,520.41 crore last fiscal.
11 Jun, 2021 - 08:17 PM IST | By indiantelevision.com Team
New Delhi: Television broadcast major Sun TV Network Ltd on Friday said it closed last fiscal with 11 per cent growth net profit of about Rs 1,520.41 crore on reduced revenue.
The company recorded a net profit of about Rs 1,520.41 crore last fiscal up from a net profit of about Rs 1,371.83 crore in FY20.
While the advertisement revenue dropped for the year, the network recorded significant gain on subscriptions. According to the company, the total advertising revenue for the year stood at Rs 994.03 crore, compared to Rs 1336.01 crore in the previous year ended 31 March 2020.